I have a background in academic research myself, having been an archaeology major in college. Sadly, I think that the lack of information has to do with the fact that this story was from a newspaper as opposed to an academic journal. Moreover, it was dated February 03, 1986. I'm not sure how the mainstream media carried stories related to the martial arts at the time.
Interestingly enough, though, I've found an article that suggests that he's still alive.http://www.imdb.com/name/nm0717222/bio
Since this mentions that Reed wrote articles for Black Belt, I'll let you know if I come across any of his. I mentioned before in another thread that I was reading old back issues of it on Google Books.
I would love to hear more about what he did, and if like you said he was doing anything else with the Chi Kung treatment. Regardless of what it was that he did, I'm glad that it worked out so well for him.
I should probably mention that the other study I linked to on the Kung Fu Yau-Man palm strike was unrelated to the Craig Reed story.